The federal government says HSBC Bank has no moral right to criticise President Muhammadu Buhari or make predictions about his potential second term.
In a statement released by Garba Shehu, senior special assistant to the president on media and publicity, the federal government accused the bank of laundering more than $100 million for late Sani Abacha, former military head of state.
In a recent report, the bank had predicted that a second tenure of Buhari would stunt the economy and that the Peoples Democratic Party (PDP) will win the 2019 election.
Reacting on Saturday, Shehu said in the statement: “The Presidency wishes to make clear to all Nigerians, and particularly the global banking giant HSBC which said the second term of President Muhammadu Buhari would stunt the economy, that what killed Nigeria’s economy in the past was the unbridled looting of state resources by leaders, the type which was actively supported by HSBC.
... read more at: https://www.thecable.ng/fg-tackles-hsbc-known-for-money-laundering